American States Water Company (NYSE:AWR)

A holding company for GSWC, public utility company engaged principally in the purchase, production, distribution and sale of water in California and also distributes electricity in several California mountain communities.

Extending intent to hold AWR for 5+ years. Market compound annual growth rate has been 22.71% vs. 14.73% for S&P over the period while average annual return on invested capital has been 8.23%. Overall we like firm performance.